Karachi named third cheapeast city for expatriates

KARACHI: Karachi was named one of cheapest cities in the world for expatriates while Angola’s capital Luanda was named the most expensive.

The least expensive city for expatriates is Kyrgyzstan’s capital Bishkek. Namibia’s capital Windhoek was placed at the second spot followed by Pakistan city of Karachi. Tunisian capital Tunis was at number four.

According to a report published on the Wall Street Journal, the ratings were released by company named Mercer.

The top five most expensive cities have remained relatively stable. Angolan capital Luanda tops the list of the most expensive location for expats while Hong Kong, known for having one of the most expensive housing markets in the world, has jumped one spot at No. 2. Swiss cities of Zurich, Geneva and Bern all remained in the top 10

Singapore remained at No. 4 for the second year while Seoul rose from No. 14 to No. 8 due to appreciation in the Korean currency. Shanghai and Beijing rose 4 positions each, to No. 6 and 7, respectively. Nine Chinese cities were named in the top 30 most expensive location for expatriates.

The least expensive city for expatriates is Kyrgyzstan’s capital Bishkek. Namibia’s capital Windhoek was placed at the second spot followed by Pakistan city of Karachi. Tunisian capital Tunis was at number four.